Tag: State Street

The past week saw appointments from UBS, BNP Paribas, State Street, Citi, Schroders, Optiver and a departure from Moon Capital Management.

Michele Hardeman is leaving the bank after serving in a variety of senior positions over the last 24 years. 

The collaboration promises an improved experience from client portals for equity, fixed income and multi-asset strategies.

The past week saw appointments from CME Group, Outset Global, State Street, Horizon Software and Citi, as well as a departure from UBS.

Incoming executives join State Street’s global markets division from Janney Montgomery Scott, Instinet, Northern Trust and BNY Mellon.

The asset manager appeared to have taken a 7.5% holding in Credit Suisse as of Wednesday, but by yesterday the stake had disappeared, and may have been a filing error. 

Rumours are flying regarding a possible takeover of the troubled Credit Suisse by US giant State Street – but why would they buy, and will it even happen?

The goal of the three firms is to bring post-trade workflow automation and efficiencies while significantly reducing counterparty credit risk through blockchain technology.

New chief risk officer previously served in the same role for eight years at Citi and replaces retiring State Street risk chief Andrew Kuritzkes.

The programme, which was launched earlier this year, looks to make overnight and term repo trading between counterparties easier.